Certificate
pratik
(Querist) 23 May 2010
This query is : Resolved
What do u mean by encumbrance certificate ? Its uses advantages & disadvantages ? When this certificate is required & why ? As per which section does this certificate is defined.
Thanking u all experts in advance.
adv. rajeev ( rajoo )
(Expert) 23 May 2010
Encumbrance certificate is a certificate which shows which shows the liability i.e., mortgage or charge which is always attached to a property or land.
Itz an advantage because it reveals the mortgage or charge on the property.
At the time of purchase of property or at the time of availing the loans from the banks.
B K Raghavendra Rao
(Expert) 23 May 2010
All conveyance transactions of a property is reflected in the Encumbrance Certificate. It shows when and between whom the transaction like: sale, mortgage, partition, gift, family arrangement, release deed etc., has taken place. It would be useful to know the ownership of the property and status like whether it is mortgaged and if so to which financier or bank.
G. ARAVINTHAN
(Expert) 23 May 2010
Encumbrance - a charge against property
The certificate issued by the Registrar, having details of mutations of titles and conveyance of a particular property for a particular period.
E C is an extract of change of titles of a particular property
Uma parameswaran
(Expert) 25 May 2010
EC reflect the present ownership of the property.
